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Nov 19, 2015
11/15
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reid: in the airbnb case, i do not worry about it. essentially, i think there is a lot of headroom for what airbnb can bring the most to guests around the world. over the long-term, the investors will make significant money. in that specific one, i am not that worried. i believe so much headroom where airbnb can go. emily: what about dropbox? reid: a killer team, great technology. how does their enterprise play out? they have some other plans i cannot talk about. if those play out, it will be great. if those do not play out, it will still be great. is it the next platform for the internet or not? we will see. emily: dropbox keeps getting brought up as an example of a unicorn that might be dying, or certainly not living up to initial valuation. reid: i guarantee you that dropbox is not dying. the question is about expectation. their fundamentals are really strong. they have a broad subscription business. will dropbox be a platform for a whole a lot of different applications? if so, they will live up to the high expectations. if not, ma
reid: in the airbnb case, i do not worry about it. essentially, i think there is a lot of headroom for what airbnb can bring the most to guests around the world. over the long-term, the investors will make significant money. in that specific one, i am not that worried. i believe so much headroom where airbnb can go. emily: what about dropbox? reid: a killer team, great technology. how does their enterprise play out? they have some other plans i cannot talk about. if those play out, it will be...
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Nov 5, 2015
11/15
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KQED
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airbnb was started because i couldn't afford to pay rent. >> reporter: airbnb is a powerhouse valued now at v more than $25 billion. according to cb insights, whic analyzes venture capital. and it is growing fast. the "wall street journal" says airbnb will generate revenue of $900 million this year. that's up from $250 million in 2013. from a financial perspective, san francisco isn't all that important to airbnb. the city by the bay accounts for less than 1% of global inventory, according to beyond pricing, which tracks the vacation rental market. but a loss in san francisco could have set a bad precedent, perhaps encouraging other cities to take on the starup. airbnb already faces regulatory challenges in new york, for example. and that's why airbnb fought proposition "f" so hard, spending $8 million to defeat the measure. supporters of proposition "f" say the measure was needed because short-term rental sites, such as airbnb, are taking housing units off the market in san francisco at a time when there is a real lack of affordable housing, and that is a hot-button issue in the cit
airbnb was started because i couldn't afford to pay rent. >> reporter: airbnb is a powerhouse valued now at v more than $25 billion. according to cb insights, whic analyzes venture capital. and it is growing fast. the "wall street journal" says airbnb will generate revenue of $900 million this year. that's up from $250 million in 2013. from a financial perspective, san francisco isn't all that important to airbnb. the city by the bay accounts for less than 1% of global...
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Nov 6, 2015
11/15
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BLOOMBERG
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emily: could you guys see a partnership with airbnb? brian: i would say that most of the inventory is unique. we did a study in the united states recently, only 10% of the inventory overlapped with beer -- airbnb. under the right conditions, we would be open to doing something. my personal belief is the way you give consumers the best range of choice. there is unique inventory on both sides. it is not something we have been active in discussing. emily: what are the key markets and areas for international growth? are you looking at bigger or smaller markets? dara: we are looking at all markets. we are very focused on the asia and pacific region. japan is a great destination with the yen weaker. the japanese traveler has been a big part of our outbound travel. we are also seeing latin america grow quickly. it is coming online. mobile penetration is helping travel come online. we announced an investment and partnership with a significant player there. eastern europe is a nice bargain market for us. we continue to get out there. emily: bria
emily: could you guys see a partnership with airbnb? brian: i would say that most of the inventory is unique. we did a study in the united states recently, only 10% of the inventory overlapped with beer -- airbnb. under the right conditions, we would be open to doing something. my personal belief is the way you give consumers the best range of choice. there is unique inventory on both sides. it is not something we have been active in discussing. emily: what are the key markets and areas for...
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Nov 3, 2015
11/15
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BLOOMBERG
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>> airbnb is going to offer for people who fly on virgin and end up at an airbnb destination, allowing them to earn points. and it's interesting because it's a different kind of business than it used to be. they are at a very different place, airbnb is, so is virgin america. this is what jonathan millenhall wanted to say about the way this is a growth company. the chief marketing officer of airbnb. check this out. we started off as a needs niche --oposition desk niche travel proposition. we've grown tremendously over the last seven years. it took us four years to go from guest number one to guest number a million and this year we'll end up having 60 million travelers traveling airbnb. >> different people? >> different people. from the beginning until now. as we continue to scale, we've become a more mainstream travel proposition, and that gives us license to partner with more mainstream travel brands and partners such as virgin america. >> kind of amazing. we wanted to talk about the way the business works and how they see themselves. the c.m.o. of airbnb tweeted outs we're going to ma
>> airbnb is going to offer for people who fly on virgin and end up at an airbnb destination, allowing them to earn points. and it's interesting because it's a different kind of business than it used to be. they are at a very different place, airbnb is, so is virgin america. this is what jonathan millenhall wanted to say about the way this is a growth company. the chief marketing officer of airbnb. check this out. we started off as a needs niche --oposition desk niche travel proposition....
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Nov 3, 2015
11/15
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CNBC
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that's why airbnb is a $20 million company. i don't think they'll have a problem like this in many cities. i don't think it's going to pass here, but san francisco is an amazing thing to watch, as somebody who watched manhattan turn into what it is today. we're going through that same manhattan-ization of san francisco, and san francisco has an open attitude from the summer of love combined with anarchists and combined with technologists who are using san francisco as their own petridish. it's wild to watch it play out. >> what if the measure goes against them? you mentioned paris. that's actually airbnb's most important market. i don't know how big san francisco is, but this is a company that operates all over the world. do you think this is significant having this going the wrong way? >> actually, i think if this passes, it will be fantastic in the long-term for airbnb because it will expose exactly how corrupt the hotel lobbies are, and it will make it an international issue that somebody who owns a home can't rebt their hom
that's why airbnb is a $20 million company. i don't think they'll have a problem like this in many cities. i don't think it's going to pass here, but san francisco is an amazing thing to watch, as somebody who watched manhattan turn into what it is today. we're going through that same manhattan-ization of san francisco, and san francisco has an open attitude from the summer of love combined with anarchists and combined with technologists who are using san francisco as their own petridish. it's...
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Nov 4, 2015
11/15
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KRON
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airbnb lists units that are not supposed to be listed as short term rentals. airbnb lists units over the objections of property owners feliciabut the campaign to vote "no" on prop f >> : thanks for voting no >> alecia :say most of the people that host airbnb guests, are middle class families trying to make ends meet in san francisco. hundreds of thousands of people have joined that campaign, making phone calls, and hitting the streets to make sure the proposition doesn't pass. >> : the fact of the matter is that the authors of prop f are selling a fairytale. the good news is that the people of san francisco aren't buying it. >> : housing prices will not go down, rents will not go down, if prop f is approved there won't be thousands of apartments on the market that suddenly appear. >> alecia :backers of prop f say more work will have to be done, as they look to put harsher regulations on airbnb. reporting live in san francisco >> pam :new at 11. california's largest labor union says, it has filed a second ballot initiative. seeking to boost the state's minimum
airbnb lists units that are not supposed to be listed as short term rentals. airbnb lists units over the objections of property owners feliciabut the campaign to vote "no" on prop f >> : thanks for voting no >> alecia :say most of the people that host airbnb guests, are middle class families trying to make ends meet in san francisco. hundreds of thousands of people have joined that campaign, making phone calls, and hitting the streets to make sure the proposition doesn't...
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Nov 4, 2015
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airbnb, well, the company spent more than $8 million to defeat
airbnb, well, the company spent more than $8 million to defeat
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Nov 16, 2015
11/15
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pretty tough to host a group in an airbnb flat. stephanie: donald trump has been doing a lot of talking. one of your investors is a supporter of donald trump. what do you think of him? barry: what is the next question? [laughter] i think donald speaks some truths. i'm not sure i want to really answer the question. he is a unique person. i get a kick out of him, he is funny. i don't think everything he says is right and he makes it up as he goes along, but you know donald. i agree with him, this is our fault this happened in paris. everyone in the middle east has been telling him differently, and today he is looking the other way, and no ground troops? stephanie: barry, we have to leave it there. ♪ david: from bloomberg world headquarters in new york, i'm david gura. let's get the word news with mark crumpton. one of three brothers a link to the carnage in paris is speaking out and expressing disbelief that two of his brothers were involved in the violent that left 129 people dead. he spoke to reporters today. i cannot tell you wh
pretty tough to host a group in an airbnb flat. stephanie: donald trump has been doing a lot of talking. one of your investors is a supporter of donald trump. what do you think of him? barry: what is the next question? [laughter] i think donald speaks some truths. i'm not sure i want to really answer the question. he is a unique person. i get a kick out of him, he is funny. i don't think everything he says is right and he makes it up as he goes along, but you know donald. i agree with him, this...
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Nov 14, 2015
11/15
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KTVU
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there are 6 00 airbnb employees and 5,000 hosts that are from around the world actually. i'm not quite sure how many are from the united states, but many are from the united states. so we're staying throughout paris. i'm actually staying with two other airbnb employees who were actually held up in a restaurant probably a 10-minute walk from where i am right now, that they were held in that restaurant for probably two and a half hours until it was safe for them to leave and they went about a block away to the other airbnb. and that everyone, they would find them at that moment. p and that they were glad to be inside and that they think that it is sad. very sad for france and the rest of the world. >> i know it's the middle of the night there. >> if i'm not making any sense. >> certainly. >> that i'm just wondering. have they told you to stay outside and could you if you wanted to or were they ordered to stay inside their homes and apartments? >> from what i have heard from what i'm getting is that i said that i have my telephone here and that i'm glued to the charger. but
there are 6 00 airbnb employees and 5,000 hosts that are from around the world actually. i'm not quite sure how many are from the united states, but many are from the united states. so we're staying throughout paris. i'm actually staying with two other airbnb employees who were actually held up in a restaurant probably a 10-minute walk from where i am right now, that they were held in that restaurant for probably two and a half hours until it was safe for them to leave and they went about a...
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Nov 4, 2015
11/15
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lawsuits from neighbors and get banned from using the airbnb website. with a 55-45 vote it failed. david chiu was against the measure and believes the current short term rental law is enough. >> we need time to allow this to go into effect. the measure in front of voters was too extreme. >> reporter: san francisco board of supervisors, aaron peskin won 53-43. he is a san francisco progressive. >> we ran a great grassroots campaign starting 7 months ago. it's really been a labor of love. >> reporter: peskin's win tips the balance of power at city hall giving progressives the majority. live at san francisco city hall, lisa chan, kpix 5. >>> also in san francisco, voters rejected proposition i by a 57-33% margin. it would have halted market rate development in the mission area until 2017. proposition d easily passed. it clears the way for the san francisco giants development plans just south of the stadium. and san francisco mayor ed lee easily won a second term. he had no major opposition and received 56% of the vote. voters are ousted san francisco sheri
lawsuits from neighbors and get banned from using the airbnb website. with a 55-45 vote it failed. david chiu was against the measure and believes the current short term rental law is enough. >> we need time to allow this to go into effect. the measure in front of voters was too extreme. >> reporter: san francisco board of supervisors, aaron peskin won 53-43. he is a san francisco progressive. >> we ran a great grassroots campaign starting 7 months ago. it's really been a...
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Nov 4, 2015
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what we do not know airbnb's numbers are. emily: i use it all the time. airbnb. i think homeaway has better inventory, but it is difficult to use. at all of the financial filings and in everyone, they cite their biggest challenger as expedia. when you look at the sales growth for homeaway, you can see the growth in their business is slowing down despite a big partnership with expedia. 13% year over year sales growth. they announced some big business changes. they will start adding a new service fee for users, lower their commission rates they are charging to pay for booking customers, and they will offer some affinity to their frequent customers. over a very big business, 272 million bookings in the last quarter. airbnb may be even bigger. emily: is bigger always better? we will be talking about this tomorrow morning. i will be talking to the ceo's of both expedia and homeaway. a warning from time warner sparks fears about cord cutters. details coming next. ♪ emily: reed hastings is opening the company's checkbook for more original content. he said night -- net
what we do not know airbnb's numbers are. emily: i use it all the time. airbnb. i think homeaway has better inventory, but it is difficult to use. at all of the financial filings and in everyone, they cite their biggest challenger as expedia. when you look at the sales growth for homeaway, you can see the growth in their business is slowing down despite a big partnership with expedia. 13% year over year sales growth. they announced some big business changes. they will start adding a new service...
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Nov 5, 2015
11/15
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power of airbnb? >> the impetus for this deal with expedia is more about us just building a better company in the space we already operate. the vacation rental space is still a space that we are the leader in. you will find far more inventory .or homeaway then airbnb our focus is just doing an even better job in that space. does that create an additional opportunity for us to go into urban markets? we think it does. expedia has a lot of demand for an and we have a company and operating machine that can bring in individual homeowners. airbnb was not really the main reason why we did this deal. them: this does give additional firepower to take on the competition. i asked about potential partnerships in the future. partnerships with uber. with a partner with a company like airbnb if they don't overlap? he said they would, which i thought was interesting. when we talked about airbnb's valuation, which is north of $20 billion, expedia is buying home $3.9thre billion. these copies have to prove they can mak
power of airbnb? >> the impetus for this deal with expedia is more about us just building a better company in the space we already operate. the vacation rental space is still a space that we are the leader in. you will find far more inventory .or homeaway then airbnb our focus is just doing an even better job in that space. does that create an additional opportunity for us to go into urban markets? we think it does. expedia has a lot of demand for an and we have a company and operating...
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Nov 5, 2015
11/15
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you have been upfront about to the competition, airbnb. i'm a user of both companies, for the same thing, short-term occasion rentals. the immediate row at -- the mere reaction to this deal is that you guys are trying to stem the threat of airbnb. ?ow do you respond to that always important to stay on your toes and worry about competition. we have competition from lots of other companies, too. priceline is in the business. trip advisor is in the business. frankly, our greatest competition comes from local competitors in the various countries in which we operate. sure, this gives us probably a little more strength and firepower vis-a-vis airbnb, but i think the big business news for us, besides the combination, is the fact that we were going to announce if this deal didn't go through what we announced last night, which is that we are shifting our business model. i think everybody knows that we are taking our business fully online by the end of 2016. certainly airbnb coming into the marketplace has something to do with that. they have proven
you have been upfront about to the competition, airbnb. i'm a user of both companies, for the same thing, short-term occasion rentals. the immediate row at -- the mere reaction to this deal is that you guys are trying to stem the threat of airbnb. ?ow do you respond to that always important to stay on your toes and worry about competition. we have competition from lots of other companies, too. priceline is in the business. trip advisor is in the business. frankly, our greatest competition comes...
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Nov 28, 2015
11/15
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FBC
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lots of cities ban airbnb rentals. our procedure wen to the town to learn why. >> want to make money renting out a home in your room? you can't in utah. >> st. george passed a law you can't rent your home fewer than 30 days. wait a second, it's your home. isn't that your castle? can't you do what you want? >> i found myself with a big house, underutilized asset. >> karina decided to rent her basement through airbnb. >> i want toia what i've got, what i own. i want to lempl that. >> ricki checked out her ad, found great reviews. this is my favorite place to stay in st. george. it's spacious, clean, the nicest host. >> if you look at profile ratings, it's all five gold stars. >> hey, you made it. you found us all right. >> so ricki decided to stay there. they gave her the secret code to the door. >> you use your code we gave you to get in. come on in. i'll show you around. >> wow, this is big. >> yeah. you've got the whole basement to yourself. it's locked off from the upstairs. so you won't have any kids coming down her
lots of cities ban airbnb rentals. our procedure wen to the town to learn why. >> want to make money renting out a home in your room? you can't in utah. >> st. george passed a law you can't rent your home fewer than 30 days. wait a second, it's your home. isn't that your castle? can't you do what you want? >> i found myself with a big house, underutilized asset. >> karina decided to rent her basement through airbnb. >> i want toia what i've got, what i own. i want...
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Nov 9, 2015
11/15
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CNBC
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sort of an airbnb for resorts. is this going to have a material impact on travel or is this on the fringes or what are we talking about here? it's probably on the fringes. i think you saw the expedia home away purchase really not so much as expedia responding to the airbnb threat but the price line and booking.com threat as the video you just showed. booking.com came out today and said, hey, we have got 21 million bookable rooms, 1.8 million of those are bookable vacation rental books and they say that so they can complete with what airbnb has out there. what differentiates home away from the booking.com vacation rental product is that on booking.com it's bookable instantly. as opposed to negotiation with the -- with the homeowner that you would have on home away. >> i've used booking.com across, especially when traveling abroad, jason, because it is very straightforward, it's easy to use. that said i don't see at all the argument for comparing booking.com to airbnb. >> yeah, i don't think -- i think the -- to say
sort of an airbnb for resorts. is this going to have a material impact on travel or is this on the fringes or what are we talking about here? it's probably on the fringes. i think you saw the expedia home away purchase really not so much as expedia responding to the airbnb threat but the price line and booking.com threat as the video you just showed. booking.com came out today and said, hey, we have got 21 million bookable rooms, 1.8 million of those are bookable vacation rental books and they...
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Nov 2, 2015
11/15
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LINKTV
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unit legislation and would you support american people amendment to insure those are protected from airbnb homeless what steps would you taken to improve the in-law units legislation and would you support an amendment to insure those new unit will be protected from becoming airbnb hotels and first of all, i support in-law units as far as what steps to take it is tenants and the city hall because this is another very hot issue right now on airbnb and in-law unit is part of it especially we have a dense population in chinatown and north beach and so on something that we have to look at it and i'll not jump to say well, we should be able to convert in-law units roadway. >> thank you for the question ms. jennings i authored a decade ago a secondary unit law unfortunately ♪ political time couldn't get past a 6 to 5 vote the www.drnpa.org lunch breaks in in-law units walk in units and i'm delighted my successors david chiu and supervisor christensen and supervisor wiener were able to take that legislation off the she felt and get it passed having said that, that make no sense to create those u
unit legislation and would you support american people amendment to insure those are protected from airbnb homeless what steps would you taken to improve the in-law units legislation and would you support an amendment to insure those new unit will be protected from becoming airbnb hotels and first of all, i support in-law units as far as what steps to take it is tenants and the city hall because this is another very hot issue right now on airbnb and in-law unit is part of it especially we have...
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Nov 5, 2015
11/15
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CNBC
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why airbnb is taking notice this morning. going, going gone. opening the fall auction season amid worries of an art market slow down. we'll see because there's $2 billion of art up for sale in the next week or so. it's thursday, november 5th, 2015 and squawk box begins right now. ♪ >> live from new york where business never sleeps this is squawk box. >> good morning, welcome to squawk box here on cnbc. michelle is with us today. becky is enjoying some time off this morning. also before we get started take a look at u.s. equity futures this morning. you're looking at arrows. dow looks like it would open up higher. s&p 50 looking to open higher as well and the nasdaq looking to open a little over 9.5 points higher. among the tests for the market today, more economic data ahead of tomorrow's big employment report. coming up at 8:30 eastern time we'll get weekly jobless claims and a first read on third quarter product activity and labor costs. also another busy day for fed speak. sixff
why airbnb is taking notice this morning. going, going gone. opening the fall auction season amid worries of an art market slow down. we'll see because there's $2 billion of art up for sale in the next week or so. it's thursday, november 5th, 2015 and squawk box begins right now. ♪ >> live from new york where business never sleeps this is squawk box. >> good morning, welcome to squawk box here on cnbc. michelle is with us today. becky is enjoying some time off this morning. also...
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Nov 4, 2015
11/15
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airbnb spent a lot of money on the campaign to defeat prop f. people on both sides say they agree there is a housing crisis but don't agree on the solution. >> all precincts reporting for proposition i. that did not pass. this was a closely watched housing prop. it would have halted development of luxury housing in the mission are district for 18 months but that is not going to happen. >>> not much fanfare in this race. but the highest profile mayor wins in a landslide tonight. ed lee has been guiding the city through a tech boom and the housing crisis. look at the numbers. mayor lee will be elected to a second term. 56% of the votes he gets. he took over for gavin newsom in 2011. >>> and aaron peskin has reclaimed his seat beating out two opponents. 100% of the precincts rereporting there. you can check out the collections on www.nbcbayarea.com. we also have complete coverage tomorrow morning at 4:30. >>> a popular place to shoot guns but the fate of an east bay shooting range is up in the air. a discussion between the supporters and opponents
airbnb spent a lot of money on the campaign to defeat prop f. people on both sides say they agree there is a housing crisis but don't agree on the solution. >> all precincts reporting for proposition i. that did not pass. this was a closely watched housing prop. it would have halted development of luxury housing in the mission are district for 18 months but that is not going to happen. >>> not much fanfare in this race. but the highest profile mayor wins in a landslide tonight....
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Nov 9, 2015
11/15
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CNBC
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airbnb. our product charges no fees to consumers. there's no back and forth in e-mail with the host. we host to show americans, who many may not know the brand booking.com, there's this fantastic offer many may not have discovered yet. >> all of this coalesces around three major players, airbnb, now this. >> i'm looking forward to william shatner doing advertisements for igloos and tree houses. i think they're doing a great job of using this difficult announcement to spread the word on something at least i was not even aware they did. and, you know, i think that the dark cloud here is that there is -- the competition has obviously started to bump into each other in travel. there was a long time there where airbnb grew like crazy and nobody seemed to notice it because the economy was pretty strong. this announcement suggests, wait a minute, we've passed that point, now things are bumping into each other, they are going to have to compete. obviously, price line is in a great situation to compet
airbnb. our product charges no fees to consumers. there's no back and forth in e-mail with the host. we host to show americans, who many may not know the brand booking.com, there's this fantastic offer many may not have discovered yet. >> all of this coalesces around three major players, airbnb, now this. >> i'm looking forward to william shatner doing advertisements for igloos and tree houses. i think they're doing a great job of using this difficult announcement to spread the word...
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Nov 5, 2015
11/15
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CNBC
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this puts expedia in competition with airbnb. the deal expected to close in the first quarter of 2016. barry diller was asked if the success of airbnb drove this company to want to own a business like it. >> this is an area we were not in. we are in every other area of travel. and so this -- we've been looking at homeaway for years now we had always thought this was an area we should get to. >> this is a 22.5 times at least from the analysts weighing in. perhaps appropriate. sthoe not that large a premium given some of the deals for growth companies that we've s n seen. and importantly expedia shares are responding positively. something we tell people to keep a close eye out. because that continues that narrative, if you will, that a lot of bankers will. good time. your stock's going to go up. >> we have brian coming on. he's bag regular on "mad money." this is a brilliant acquisition. >> really? why is it brilliant? >> it's the channel they really need. this is how people -- this is shared economy. expedia needs more shared econ
this puts expedia in competition with airbnb. the deal expected to close in the first quarter of 2016. barry diller was asked if the success of airbnb drove this company to want to own a business like it. >> this is an area we were not in. we are in every other area of travel. and so this -- we've been looking at homeaway for years now we had always thought this was an area we should get to. >> this is a 22.5 times at least from the analysts weighing in. perhaps appropriate. sthoe...
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Nov 16, 2015
11/15
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airbnb not the kind of threat we thought. coming up, the ceo of starwood capital will be our guest stephanie ruhle. and we will have the ceo of marriott. lots more coming up on bloomberg markets. we will be right back. ♪ david: it is 2:00 in new york, 8:00 in paris, and 3:00 in hong kong. welcome to bloomberg markets. from bloomberg's headquarters in new york, i am david gora. the u.s. and france vowing to eliminate the islamic state aspirations wonder how long it will take before their lives return to normal. marriott and by starwood hotels for $12 billion. starwood capital barry sternlicht joins us in a few minutes for an interview on the deal. and berkshire hathaway cutting a deal in walmart. why the company is backing up its cash. ramy inocencio has the latest on the markets. ramy: good afternoon, we are at session highs, looking at the markets, a bit of a surprise. the dow and s&p reaching toward gains of 1%. the nasdaq is up
airbnb not the kind of threat we thought. coming up, the ceo of starwood capital will be our guest stephanie ruhle. and we will have the ceo of marriott. lots more coming up on bloomberg markets. we will be right back. ♪ david: it is 2:00 in new york, 8:00 in paris, and 3:00 in hong kong. welcome to bloomberg markets. from bloomberg's headquarters in new york, i am david gora. the u.s. and france vowing to eliminate the islamic state aspirations wonder how long it will take before their lives...
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Nov 4, 2015
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airbnb raising close to $ million to fight airbnb. we're set to hear from executives at the company headquarters this morning. you'll expect to hear that later on our midday show. live in our san francisco newsroom, stephanie chuang, "today in the bay." >> 6:58. other results in san francisco, proposition i did not pass. that means development of luxury housing in the mission district will go on as planned. proposition a, however, did pass with 73 brs of the vote, a $310 million bond for affordable housing. also housing proposition d allowing mixed use development in the mission rock area near at&t park. no big surprise here, san francisco mayor ed lee stays in command getting 57% of the vote. we have much more election coverage on our website, nbcbayarea.com. just click on local election results. at the top of the page you'll have results from your specific county, even city. you can find this information across all of our digital platforms. >>> some hot coffee or tea might be in order this morning. emphasis on hot. temperatures dipp
airbnb raising close to $ million to fight airbnb. we're set to hear from executives at the company headquarters this morning. you'll expect to hear that later on our midday show. live in our san francisco newsroom, stephanie chuang, "today in the bay." >> 6:58. other results in san francisco, proposition i did not pass. that means development of luxury housing in the mission district will go on as planned. proposition a, however, did pass with 73 brs of the vote, a $310 million...
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san francisco, two hot contests drive partial: the airbnb measure and the sheriff's race. tiffany? >> if anyone watched tv they have seen commercials, the opposition that restricts short-term rentals like airbnb. they have spent millions trying to defeat the measure saying airbnb is putting long-term rentals out of the city against those who say it gives them added income to allow others to stay. san francisco is only a fraction of the market but if it passes, its would be a loss for airbnb. >> the race for san francisco her is getting a lot of attention, incumbent is fighting for his political life, many say retireed sheriff chief deputy is now the frontrunner. >> i just want to bring leadership back, communication back and make sure we have a professional sheriff's department. >> we have the most undercrowded we in country, the fastest drop in repeat offenders. >> for a guide to the issues on the ballot and finding your polling place go to abc7news.com . >> happening today, the former south bay science camp counselor accused of molesting young boys is expected to make a plea in c
san francisco, two hot contests drive partial: the airbnb measure and the sheriff's race. tiffany? >> if anyone watched tv they have seen commercials, the opposition that restricts short-term rentals like airbnb. they have spent millions trying to defeat the measure saying airbnb is putting long-term rentals out of the city against those who say it gives them added income to allow others to stay. san francisco is only a fraction of the market but if it passes, its would be a loss for...
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stern: this was done to fight the potential threat of airbnb. with one million rooms, do you really want to leave the starwood season? --? system there are loyalty programs merging together. you will see global consolidation. this probably will not be the last deal. that, again, ota's , airbnb is one of them, but google, alibaba, all of these platforms tried to create marketplaces that, sometimes, get right in the middle of our relationship with our customers. so, the ota's, they are not offering products. expedia, for example -- they are selling our room and competitor rooms. stephanie: the other surprise, this was not a chinese bidder. many thought the chinese would step in. i have so much money. surprising that we saw you step in and not china. sternlicht: i haven't been contacted by several chinese bidders, and they are slow. it is hard to run a company without a permanent eeo. it -- ceo. it is still possible they could show up. stephanie: it is possible they can show up. the deal is not done done. mr. sorenson: we a binding merger agreement
stern: this was done to fight the potential threat of airbnb. with one million rooms, do you really want to leave the starwood season? --? system there are loyalty programs merging together. you will see global consolidation. this probably will not be the last deal. that, again, ota's , airbnb is one of them, but google, alibaba, all of these platforms tried to create marketplaces that, sometimes, get right in the middle of our relationship with our customers. so, the ota's, they are not...
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airbnb has spent millions campaigning against proposition f. the measure puts those in san francisco who say airbnb is add source of income against those who feel airbnb chases long-term rentals out of the city. >> we are a situation where we rent out a spare bedroom in our house. we have been doing that since february of 2014. we have had industry -- zero complaints from neighbors. this allows neighbors to sue airbnb. >> if you want more information on election day we have a complete voter guide on our website at abc7news.com. polls open at 7:00 a.m. >> the family of a man who was shot and killed by oakland police is new suing the city. the 30-year-old from hayward was killed in june after police surrounded his car near the lake shore avenue off-ramp from interstate 580 much shooting sparked protests in the city. miss say he was sleeping in the car with a gun after officers tried to wake him there was a stand off before officers shot him. the hogg family unspecified damages. >> the foam south bay science camp counselor accused of me left-- mol
airbnb has spent millions campaigning against proposition f. the measure puts those in san francisco who say airbnb is add source of income against those who feel airbnb chases long-term rentals out of the city. >> we are a situation where we rent out a spare bedroom in our house. we have been doing that since february of 2014. we have had industry -- zero complaints from neighbors. this allows neighbors to sue airbnb. >> if you want more information on election day we have a...
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now, this measure did not pass which is a major victory for airbnb. it would have limited short- term rentals to 75 days a year, require hosts to live there, neighbors would have to be notified when a new airbnb opens, hosts who break rules could have faced lawsuits and get banned from using the airbnb website. but with the 55 to 45% vote, prop f failed. another big race was for a seat on the san francisco board of supervisors. aaron peskin won 53-43% against incumbent julie christiansen. he is a san francisco progressive. and after one term, voters ousted san francisco sheriff ross mirkarimi. he lost to former chief deputy vicki hennessy 61-33%. hennessy got almost twice as many votes. live in san francisco, lisa chan, kpix 5. >>> we have a new accident in san jose. watch out for this accident north 101 just before capitol expressway. two lanes of traffic shut down traffic at a crawl approaching the accident scene. we also have "ace" train 3 running about 10 minutes late because of train traffic along the altamont pass. now, westbound 80 at willow is
now, this measure did not pass which is a major victory for airbnb. it would have limited short- term rentals to 75 days a year, require hosts to live there, neighbors would have to be notified when a new airbnb opens, hosts who break rules could have faced lawsuits and get banned from using the airbnb website. but with the 55 to 45% vote, prop f failed. another big race was for a seat on the san francisco board of supervisors. aaron peskin won 53-43% against incumbent julie christiansen. he is...
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if that were done, airbnb in san francisco would have lost millions each area. people at the headquarters celebrated the victory. >> as people learn more about the miles an hour, they moved further away from it, whether it was the encouragement of people to sue each other other invasive privacy. >> it shows that airbnb or other corporations will spend $9 million to convince memorial to vote "no," on something and it is hard to overcome. >> supporters say the short-term rentals are squeezing the tight housing market. supporters say they will continue to advocate for change. >> the other hot race in the city was district 3 supervisors with a challenge from the form servicer who will return to the board winning with 53 percent of vote to 43 percent. he is a familiar name to supervisor circles, a supervisor from one 21 to 2009 and president of the board in 2005 both based their will can pain on affordable housing. >> it has been a deep dive and i get to know more people and though people even better and it is the reason that i have done the volunteer work for the la
if that were done, airbnb in san francisco would have lost millions each area. people at the headquarters celebrated the victory. >> as people learn more about the miles an hour, they moved further away from it, whether it was the encouragement of people to sue each other other invasive privacy. >> it shows that airbnb or other corporations will spend $9 million to convince memorial to vote "no," on something and it is hard to overcome. >> supporters say the...
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airbnb fiercely opposed the miasures spending an estimate $8
airbnb fiercely opposed the miasures spending an estimate $8
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airbnb opposed the measure spending $8 million campaigning against it. the company spokesperson said san francisco voters stood up for working class families and the right to share their hems. >> a new sheriff in town, incumbent san francisco sheriff mirkarimi is refusing to concede after hennessy won. sheriff mirkarimi was investigated over domestic violence charge and she was the interim sheriff. she will be the first elected female sheriff in the department's 165-year history. >> the other hot race supervisor for district three, former supervise beat out christian son who was appointed winning 53 percent of the vote and christianen 43 percent. it changes the balance of the board giving progressives one up on the moderates. >> mayor lee won against the 11 opponents and spent 30 times more on the campaign than all of the components come pinned. >> some cities voted to raise sales taxes and in san mateo measure "s" passed an extension of a quarter cent sales tax until 2048. >> in south san francisco, measure "w" passed authorizing half a cent increase on
airbnb opposed the measure spending $8 million campaigning against it. the company spokesperson said san francisco voters stood up for working class families and the right to share their hems. >> a new sheriff in town, incumbent san francisco sheriff mirkarimi is refusing to concede after hennessy won. sheriff mirkarimi was investigated over domestic violence charge and she was the interim sheriff. she will be the first elected female sheriff in the department's 165-year history. >>...
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. >> a showdown over rentals in san francisco and what airbnb is san francisco and what airbnb is doing. are more likely to have a to frsuccessful future.e born talking and reading to children in their first years has a huge impact on what they do with the rest of their lives. the fewer words they hear, the greater their chances of dropping out of school and getting into trouble. talk. read. sing. your words have the power to shape their world. learn more at first5california.com/parents my name is jamir dixon and i'm a locafor pg&e.rk fieldman most people in the community recognize the blue trucks as pg&e. my truck is something new... it's an 811 truck. when you call 811, i come out to your house and i mark out our gas lines and our electric lines to make sure that you don't hit them when you're digging. 811 is a free service. i'm passionate about it because every time i go on the street i think about my own kids. they're the reason that i want to protect our community and our environment, and if me driving a that truck means that somebody gets to go home safer, then i'll drive it every
. >> a showdown over rentals in san francisco and what airbnb is san francisco and what airbnb is doing. are more likely to have a to frsuccessful future.e born talking and reading to children in their first years has a huge impact on what they do with the rest of their lives. the fewer words they hear, the greater their chances of dropping out of school and getting into trouble. talk. read. sing. your words have the power to shape their world. learn more at first5california.com/parents...
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prop s would dramatically change rules for short-term rentals like "airbnb." it would force property owners to provide proof city codes are being complied with and taxes with being paid. >> we have lost between 10 and 12,000 units of housing during the worst housing crisis. most of the units are full-time tourist accommodations instead of homes for residents and tenants. >> you have gavin newsom and ed lee doing commercial day after day in a well funded caai
prop s would dramatically change rules for short-term rentals like "airbnb." it would force property owners to provide proof city codes are being complied with and taxes with being paid. >> we have lost between 10 and 12,000 units of housing during the worst housing crisis. most of the units are full-time tourist accommodations instead of homes for residents and tenants. >> you have gavin newsom and ed lee doing commercial day after day in a well funded caai
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Nov 19, 2015
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we spoke with a couple who had one of those airbnb listings. they wouldn't speak on camera but said they do live in the building and they never actually rented the apartment. though say like many north carolina -- they say like many new yorkers they wanted to make money around the holidays when they went away for thanksgiving but they cooperated and removed the listing. >> those people looking for councilman who represents the neighborhood says there are many more subsidized buildings with great skyline views on the way. >> we are not going to use taxpayer dollars to flip it for their own profit. >> reporter: some neighbors here wonder if anything can be done to prevent people from taking advantage. >> can you stop it? you know, human nature. they are going to try to make the buck. >> reporter: he says landlords and the city need to make sure it doesn't happen. >> airbnb should know better than to allow this to go up on their website. >> reporter: airbnb says it advises its hosts to follow local laws. in queens, sonia rincon, cbs 2 news. >> the
we spoke with a couple who had one of those airbnb listings. they wouldn't speak on camera but said they do live in the building and they never actually rented the apartment. though say like many north carolina -- they say like many new yorkers they wanted to make money around the holidays when they went away for thanksgiving but they cooperated and removed the listing. >> those people looking for councilman who represents the neighborhood says there are many more subsidized buildings...
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voters weighed in on proposition f or the airbnb initiative. it would have limited the number of days a private housing unit could be rented out. >> today in the bay's stephanie chuang joining us from our san francisco newsroom. steph, airbnb spent a lot of money trying to defeat that measure. >> reporter: it did, millions. voters rejecting prop f came to be known as the airbnb hall. the final ballot count on prop f, 55% of the more than 133,000 votes on this rejecting the measure that would have replaced regulations already put into place earlier this year. supporters of f said short-term rentals are eating away at the city's already limited housing stock. opponents said it encouraged neighbors to spy on one another and limited income options for middle class residents. prop f would have limited short-term rentless in the city to 75 days a year instead of the existing 90-day cap, unlimited number of days if hosts are home. it would ban rentals of in law units, making it easier for suits if the city investigated and even found no wrongdoing. it
voters weighed in on proposition f or the airbnb initiative. it would have limited the number of days a private housing unit could be rented out. >> today in the bay's stephanie chuang joining us from our san francisco newsroom. steph, airbnb spent a lot of money trying to defeat that measure. >> reporter: it did, millions. voters rejecting prop f came to be known as the airbnb hall. the final ballot count on prop f, 55% of the more than 133,000 votes on this rejecting the measure...
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lawsuits from neighbors and get banned from using the airbnb website. with a 55-45 vote it failed. measure i was rejected 57-33%. this would have stopped market rate development in the mission area until 2017. but measure d passed with 73% of voters approval. now, this clears the way for the san francisco giants development project just south of the stadium. live at san francisco city hall, lisa chan, kpix 5. >>> big changes are coming to san francisco's busy powell street. the city's transportation agency approved an 18-month pilot program to allow only mass transit taxi and commercial vehicles on powell near union square. the goal is to make the area safer for pedestrians. changes go into effect on friday. >> let's check the roads. >> reporter: michelle and frank, good morning, everybody, we have our first accident of the morning. 680 a downed motorcyclist and other vehicles involved in the crash. southbound 680 near mission warm springs causing a backup to a tow mall parkway. you can see some of those delays there on our maps. traffic down to 25 mile
lawsuits from neighbors and get banned from using the airbnb website. with a 55-45 vote it failed. measure i was rejected 57-33%. this would have stopped market rate development in the mission area until 2017. but measure d passed with 73% of voters approval. now, this clears the way for the san francisco giants development project just south of the stadium. live at san francisco city hall, lisa chan, kpix 5. >>> big changes are coming to san francisco's busy powell street. the city's...
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the important thing to understand is, airbnb knew the stakes. they spent an estimated $8 million in an effort to prevent this initiative from being enacted. and they won. that should not be missed. but i do think that this is the beginning, not the end, of a lot of votes on these issues. because people are going to have to figure out some sort of structure to deal with this. remember, in san francisco, the airbnb vote was related to affordable housing. the idea that if you're renting out your place all the time, you're not going to make it available for 72 rent it in a permanent way. -- for somebody to rent it in a permit way. it is a much more complex fight than a lot of media coverage has given. i was suggest you this isn't the end of a debate over these issues, and is probably the beginning. amy: can you talk about houston? significative element, houston is the most fourth populous u.s. city and it rejected a measure that would have banned discrimination based on gender identity and sexual orientation. explain what has taken place. >> it is,
the important thing to understand is, airbnb knew the stakes. they spent an estimated $8 million in an effort to prevent this initiative from being enacted. and they won. that should not be missed. but i do think that this is the beginning, not the end, of a lot of votes on these issues. because people are going to have to figure out some sort of structure to deal with this. remember, in san francisco, the airbnb vote was related to affordable housing. the idea that if you're renting out your...
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Nov 3, 2015
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supporters of proposition f demonstrated at the headquarters of airbnb yesterday. the online rental company has spent millions of dollars against the measure which would impose restrictions on short-term rentals. they could only be rented out 75 days a year and require quarterly reports to the city on how the unit is being used. >> i am a 32-year resident of north beach and i'm being evicted. and i see on my street, there are 22 different units that are being used as vacation rentals. >> i used that income that i have been fortunate enough to be able to get through being an airbnb host to help support myself and pay my bills. >> airbnb says it did not create san francisco's housing crunch nor the skyhigh rents. proposition i would impose an 18 month moratorium on new constructions in mission district. stay with ktvu, ktvu.com and our and our social media sites and mobile for our election coverage. we will have up-to-the-minute results throughout tonight and tomorrow morning. >>> drew brees kicking off an experiment -- uber is expanding, uber pool. riders can share
supporters of proposition f demonstrated at the headquarters of airbnb yesterday. the online rental company has spent millions of dollars against the measure which would impose restrictions on short-term rentals. they could only be rented out 75 days a year and require quarterly reports to the city on how the unit is being used. >> i am a 32-year resident of north beach and i'm being evicted. and i see on my street, there are 22 different units that are being used as vacation rentals....
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Nov 9, 2015
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what are you trying to say to chessky at airbnb? >> simon, one of our biggest challenges is we have a fantastic business. as i said, over 1 billion guests stayed. three times the inventory in this non-hotel space than any of the nearest competitors. we have taehave a tendency -- wo do, talk about it later, not talk about it and do it. this is a chance to speak to people that we have a wonderful product for those people looking for something unusual to stay in. anywhere around the world. we have a great business and a differentiated product from airbnb. our product charges no fees to consumer. it's instantly verifiable. there's no back and forth or e-mail with the host. we hope to show americans who many may not know the brand booking.com that there's a fantastic off their many may not have discovered yet. >> it's different. you have built up a lot of -- we spoke about this privately and publicly. a lot of these businesses you got online through foot lever. thousands of people going out and knocking on doors to try to get them to com
what are you trying to say to chessky at airbnb? >> simon, one of our biggest challenges is we have a fantastic business. as i said, over 1 billion guests stayed. three times the inventory in this non-hotel space than any of the nearest competitors. we have taehave a tendency -- wo do, talk about it later, not talk about it and do it. this is a chance to speak to people that we have a wonderful product for those people looking for something unusual to stay in. anywhere around the world....
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dari: they're posting their new apartments on airbnb. wait until you hear how much they're charging. steve: per day. plus an iconic city nightclub cleans out the closets. the local charity that will benefit from the blast from the past. the mid '70s [hold music playing] we at time warner cable, need to apologize to you. we no longer offer extended periods of free on hold elevator music when you call us. we're making a bunch of changes at time warner cable. including reducing how long you could wait on hold. now, we'll even call you back at a time that's convenient for you. but for those of you who miss our old on hold music, please check out r our greatest hits at dari: some affordable housing lottery winners are accused of taking their tax subsidized apartments and renting them out to airbnb. steve: arthur chi'en is live in long island city outside a building where some tenants are making a pretty tidy profit. >> reporter: keep in mind this comes at a time when affordable housing is nothing short of a crisis in the city. when this devel
dari: they're posting their new apartments on airbnb. wait until you hear how much they're charging. steve: per day. plus an iconic city nightclub cleans out the closets. the local charity that will benefit from the blast from the past. the mid '70s [hold music playing] we at time warner cable, need to apologize to you. we no longer offer extended periods of free on hold elevator music when you call us. we're making a bunch of changes at time warner cable. including reducing how long you could...
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airbnb spent millions of dollars in a campaign against proposition f. ktvu fox 2's alex savidge with what the election results mean for the future of san francisco housing. good morning, alex. >> reporter: good morning to you. even as san francisco faces a tight housing market, the voters decided they did not want to place restrictions on short- term rentals. this was probably one of the most divisive issues on the ballot measure f, which was seen as an anti-airbnb initiative that went down in defeat with 55% of people voting no. that measure would have limited home shares to 75 nights a year. backers of measure f say the growth of short-term rentals is putting a squeeze on people who already are struggling to afford living in the city. san francisco bay airbnb spent more than $8 million trying to defeat the measure. opponents called this a victory for homeowners who they say rely on that extra rental income to make ends meet. >> prof -- prop f was a direct attack on middle-class home shares are using short-term rentals to stay in san francisco. so they
airbnb spent millions of dollars in a campaign against proposition f. ktvu fox 2's alex savidge with what the election results mean for the future of san francisco housing. good morning, alex. >> reporter: good morning to you. even as san francisco faces a tight housing market, the voters decided they did not want to place restrictions on short- term rentals. this was probably one of the most divisive issues on the ballot measure f, which was seen as an anti-airbnb initiative that went...
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hour, a big win for airbnb in yesterday's election. voters rejected a proposal to limit airbnb and other short- term rentals to just 75 nights a year. airbnb spent $8 million fighting that plan. >>> oakland raiders defensive end aldon smith is scheduled to appear in court in santa clara county today. he was cut from the 9ers after being charged with hitting a parked car while drunk. he pled not guilty. >>> and straight ahead on "cbs this morning," forget chocolate. there's another common product that is much more toxic to man's best friend. what every pet owner needs to know. got that story and a little traffic and weather locally and it's all coming up next. ,, if you haven't checked out covered california in awhile, we've got some new options that might interest you. like adult dental coverage. great news for you... and your sweet tooth. to find free, local, in-person help, visit coveredca.com >>> big problems for the san jose commute northbound 101 before capitol expressway accident with big rigs blocking two lanes of traffic. it'sa
hour, a big win for airbnb in yesterday's election. voters rejected a proposal to limit airbnb and other short- term rentals to just 75 nights a year. airbnb spent $8 million fighting that plan. >>> oakland raiders defensive end aldon smith is scheduled to appear in court in santa clara county today. he was cut from the 9ers after being charged with hitting a parked car while drunk. he pled not guilty. >>> and straight ahead on "cbs this morning," forget chocolate....
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"airbnb" funneled millions of dollars to defeat this measure. former deputy sheriff vicki hennesy ousting ross mirkarimi with 61% of the vote. mirkarimi's term was plagued with scandal paving the way for hennessy's victory. and aaron peskin is back on the board of supervisors defeating incumbent julie christiansen. his victory could tip the balance of power at city hall giving progressives the majority. now what message did the votessers send? phil matier is here to break it down and what was a big day in san francisco. >> reporter: it was. and let's get personal real quick. the big message was to ross mirkarimi, the sheriff in one term a former supervisor just didn't measure up with voters. two out of one said no dice. you're going to be replaced. now, ross mirkarimi has had personal and professional scandal but for a while he had been seen as a threat to mayor ed lee. that's not in the cards. on the housing front hot button issue in the entire bay area. how to keep the place affordable. well, a couple of measures. may lee's $310 million bond t
"airbnb" funneled millions of dollars to defeat this measure. former deputy sheriff vicki hennesy ousting ross mirkarimi with 61% of the vote. mirkarimi's term was plagued with scandal paving the way for hennessy's victory. and aaron peskin is back on the board of supervisors defeating incumbent julie christiansen. his victory could tip the balance of power at city hall giving progressives the majority. now what message did the votessers send? phil matier is here to break it down and...
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airbnb won this round. but there could be a rematch on the legislative level especially with peskin back in office because he is against it. so it's going to get very, very interesting. in san francisco, phil matier kpix 5. >>> as for airbnb, the company says it wants to turn its defeat of prop f into a worldwide movement in support of short-term rentals hosts. prop f would have tightened san francisco's restrictions on the industry. but today, a spokesman for airbnb declared the vote a victory over those who wanted to shut the rentals down entirely. >> people knew what this was. people went to the polls voting knowing that this was an up-or- down vote and whether you should do home sharing in this city or not. and i think the voters spoke in a decisive fashion. >> airbnb says that its next move will be building a network of short term rental clubs in 100 cities. they will be modeled after the company's political mobilization for the prop f fight right here in san francisco. >>> couple of sales tax measures
airbnb won this round. but there could be a rematch on the legislative level especially with peskin back in office because he is against it. so it's going to get very, very interesting. in san francisco, phil matier kpix 5. >>> as for airbnb, the company says it wants to turn its defeat of prop f into a worldwide movement in support of short-term rentals hosts. prop f would have tightened san francisco's restrictions on the industry. but today, a spokesman for airbnb declared the vote...